AI Data Center Leader Plummets... Market Cap Shrinks by Over $10 Billion in a Day
By ATTN Desk · Editorial oversight: Sean Han
U.S.-based cloud and AI data-center networking equipment provider Arista Networks, Inc. (ANET) closed at $130.28 on February 4, down 6.59% on the New York Stock Exchange. Its market capitalization plunged by about $10.1 billion (roughly KRW 13.7 trillion) in a single day to approximately $164 billion (around KRW 220 trillion), sharpening a pullback that began late last week.
On January 15, Arista announced it will report its fiscal fourth-quarter 2025 results after the U.S. market close on February 12. Investors are closely eyeing its guidance, given its ties to mega-scale AI infrastructure investments by Big Tech names such as Meta and Microsoft.
Founded in 2004 by Andy Bechtolsheim and David Cheriton, Arista Networks is led by CEO Jayshree Ullal. The company has established itself as a core player in AI data-center networking by supplying high-performance Ethernet switches and its Linux-based EOS operating system to major cloud providers and financial-institution data centers.